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Tax Yield

Dáil Éireann Debate, Tuesday - 18 November 2014

Tuesday, 18 November 2014

Questions (175)

Pearse Doherty

Question:

175. Deputy Pearse Doherty asked the Minister for Finance the revenue raised at each of the universal social charge rates, that is, at 2%, 4%, 7% and 10%, for each year since the introduction of USC. [44081/14]

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Written answers

The total receipts collected under the Universal Social Charge (USC) are listed in the table below. It is important to take into account that these figures are based on end of year outturns and are on a Revenue net receipts basis. These can differ slightly from Exchequer receipts for reasons of accounting and timing.

 -

2011

2012

2013    

USC Net Receipts (€m)

3,114

3,790

3,930

The following table provides a breakdown of USC net receipts collected at each rate for the tax year 2012. Figures for 2013 are not yet available. No rate breakdown is available for 2011, as data were not compiled in a manner to enable collation of this information in the first year of operation for the USC.

USC Rate

USC Collected  (€m)

2%

360

4%

500

7%

2,880

3% Surcharge

50

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